July 10, 2006 - St. Lucie Board Recommends Largest Millage Decrease in Recent History

Fort Pierce - July 10, 2006 -The St. Lucie County Board of County Commissioners will vote Tuesday, July 11 on a proposed millage decrease of .6112 mills in the unincorporated area and .6471 mills in the municipalities. If approved it will be the largest millage decrease in recent history.

The St. Lucie County Board of County Commissioners wrapped up their budget review sessions Monday afternoon with a proposed 9 percent millage decrease countywide. The total dollar amount going back to the taxpayers of St. Lucie County is estimated to be $13,054,300.

This millage deduction would result in a savings of $145.59 in the incorporated area and $137.52 in the unincorporated area for a house valued at $250,000 with a $25,000 Homestead Exemption. Homeowners with a Homestead Exemption will receive a 3% increase in property values as established by the State; however with this proposed millage reduction, they would receive a 6% net reduction in their County property taxes.

The Board of County Commissioners will vote on the proposed millage rate on Tuesday, July 11 at its 9 a.m. meeting. The final 2006-2007 Budget Public Hearings will be held Sept. 7 and 14 in the Commission Chambers. The board meetings are held in the Commission Chambers at the St. Lucie County Administration building located at 2300 Virginia Avenue in Fort Pierce. For more information, call (772) 462-1100.